To sign up for our daily email newsletter, CLICK HERE
CNBC has ordered eight episodes of “The Deed,” which features two savvy multi-millionaire real estate moguls – Sidney Torres and Sean Conlon – who use their own money to infuse the projects with cash, and offer their years of expertise to help people faced with losing everything.
The logline: The one-hour series will follow Torres in New Orleans and Conlon in Chicago as they throw distressed developers a lifeline by offering them their own cash and expertise in exchange for a piece of the property and a percentage of the profits. Once a deal is struck, they’ll stop at nothing to pull these properties out of the red, even if that means firing contractors, rolling up their sleeves and doing the work themselves. With properties ranging from family homes to multi-unit developments, it will take all of their experience to get them back on track. Developers’ profits can quickly turn to dust, but with the right partner, lives and fortunes can change with just one deal.
“The Deed,” produced by Cineflix, debuts on Wednesday, March 1 at 10 p.m. ET.